March 23, 2009
Bayer issues corporate bond with a volume of EUR 1.3 billion
the relatively favorable market environment to issue a corporate bond with a
nominal volume of EUR 1.3 billion. This step increases the company's liquidity
reserve and optimizes the maturity structure of its financial liabilities.
The fixed rate bond, which is guaranteed by Bayer AG, was issued by Bayer
Capital Corporation B. V. It has a maturity of 5½ years and a coupon of 4.625
percent. The issue price was 99.4 percent. The bond issue met with considerable
interest in the capital markets, evidenced above all by the fact that it was
oversubscribed more than five times.
For more information, go to www.bayer.com